Adopt Crypto or Die: Eric Trump’s Hot Take for Banks
Key Notes
- Eric Trump warned that banks refusing to adopt crypto could disappear within ten years.
- He slammed SWIFT as outdated and costly, calling it “an absolute disaster.” Crypto experts are criticising traditional banks for allegedly debanking crypto firms without justification.
American businessman and the U.S. president Donald Trump’s second son, Eric Trump, recently warned that banks face extinction within the next decade if they fail to adapt to the cryptocurrency industry.
Speaking with CNBC’s Dan Murphy, Trump stated that the current financial system is “broken, slow, expensive, and favors the ultra-wealthy.” He explained that these banking flaws drove him toward the crypto world.
Crypto News
